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Dec 31, 2012
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. >>> live from the nasdaq market site in new york city's times square, where the ball is set to drop in just a few hours time, i'm melissa lee. here are tonight's top three trades. 2013 predictions, the traders give their top bets for the new year. internet wars, which tech stock will come out on top as a race for web dominance heats up. and the king himself, dennis gartman, has his outlook for 2013. we need to get the the stop story right now, and that is teetering on the fiscal cliff. let's go to d.c., where all the action has been in the past 48 hours. john harwood has the latest. john? >> >> melissa, the first headline is, we are going over the cliff tonight, because we're not going to have action in both houses of congress on a deal. we don't have a deal yet. the house isn't going to vote. we don't know if the senate is going to hold any votes. the senate is still waiting for the outcome of the biden-mcconnell talks that are hung up over a couple of things including the issue of the across the board spending cuts which democrats want staved off for a year or so. republicans want
. >>> live from the nasdaq market site in new york city's times square, where the ball is set to drop in just a few hours time, i'm melissa lee. here are tonight's top three trades. 2013 predictions, the traders give their top bets for the new year. internet wars, which tech stock will come out on top as a race for web dominance heats up. and the king himself, dennis gartman, has his outlook for 2013. we need to get the the stop story right now, and that is teetering on the fiscal...
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Dec 31, 2012
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the city's oldest bakery not staying open for one day more. while the 202-year-old shop is suffering from failing real estate prices. the landlord doubled the rent and says basically he is shutting down because he cannot stay profitable. kind of sad. all those people who have enjoyed his baguette for 43 years. >> maybe he can go to belgium. >> what can we expect for housing in 2013? let us bring in president of team investments. all right, tanya, what are you seeing how the there? give us your forecast. >> i would like to say we are going to see a lot of short sales but if the fiscal cliff is not averted, we will see mortgage rates stay low. they can't afford to raise rates because, here is a great example. in 1987, $170,000 house, the payment is more than $270,000 house with 5% down today. so they can't afford to raise the mortgages if we go over the cliff. the other thing is people won't be able to short sale because that will be taxable income. so it would be better for them to forclose. that really hurts the banks. it hurts everyone. hurts
the city's oldest bakery not staying open for one day more. while the 202-year-old shop is suffering from failing real estate prices. the landlord doubled the rent and says basically he is shutting down because he cannot stay profitable. kind of sad. all those people who have enjoyed his baguette for 43 years. >> maybe he can go to belgium. >> what can we expect for housing in 2013? let us bring in president of team investments. all right, tanya, what are you seeing how the there?...
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Dec 30, 2012
12/12
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there is. >> snow in the forecast in any of these cities for the ball drop. here in chicago, talking 19 degrees, very cold in minneapolis at 1 degree. so, overall, a cool trend for the northeast, midwest and more snowfall. back to you, kate. >> thanks so much. >>> when nightly news continues on this sunday, we will tell you why this high school student was suspended for writing a poem about something on her mind and on the minds of so many others. >>> later, marking a big anniversary for a key document that changed the course of american history. by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing su
there is. >> snow in the forecast in any of these cities for the ball drop. here in chicago, talking 19 degrees, very cold in minneapolis at 1 degree. so, overall, a cool trend for the northeast, midwest and more snowfall. back to you, kate. >> thanks so much. >>> when nightly news continues on this sunday, we will tell you why this high school student was suspended for writing a poem about something on her mind and on the minds of so many others. >>> later,...
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Dec 29, 2012
12/12
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the major impact at the airports, already the three new york city airports, newark, laguardia, and kennedy, canceled 180 flights. there will be additional cancelations when snow starts flying. a quick hitter. down by tomorrow morning. tomorrow, a sunny, chilly end to the final weekend of 2013. not the animal we had the past week, but tornadoes on christmas and big snowfalls and flooding and all kinds of wind on the jersey shore. this is a minor, minor inconvenience on the road. a bigger one at the airports. >> even if it's a quick hitter, thank you so much. we'll check in again. want to turn out to intriguing new details emerging between the dealings of president ronald reagan and two notable figures in the world. british prime minister margaret thatcher and queen elizabeth ii. what happened behind the scenes 30 years ago. duncan golestani live in london. what are we learning about the special relationship between the two countries of ours? >> good morning, t.j. politicians like to call it the special relationship and this shows how much effort the british put into keeping it special. befo
the major impact at the airports, already the three new york city airports, newark, laguardia, and kennedy, canceled 180 flights. there will be additional cancelations when snow starts flying. a quick hitter. down by tomorrow morning. tomorrow, a sunny, chilly end to the final weekend of 2013. not the animal we had the past week, but tornadoes on christmas and big snowfalls and flooding and all kinds of wind on the jersey shore. this is a minor, minor inconvenience on the road. a bigger one at...
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Dec 29, 2012
12/12
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here's a look at some of the totals. now, the big cities anywhere from about 1 to 4 inches of snow. that includes the airports there and with that, we'll see visibilities go down. and that will lead to travel delays at the major airports, cold air is going to be here, natalie, and that's going to linger around throughout much of the week. >> chris warren at the weather channel. thanks so much, chris. >>> the holiday season is bringing heartbreak to some prospective parents here in the u.s. in the process of adopting children from russia. president vladimir putin has signed a new law banning those adoptions, leaving shocked adults and children wondering what will happen next. here is nbc's kerry sanders. >> reporter: cindy and dennis boyer were weeks away from adopting baby adeline. they met the almost 2-year-old recently as they visited her russian orphanage. but now vladimir putin has signed a law that despite mounds of paperwork and thousands of dollars already spent, all the more than 1,500 adoptions currently under way and any future adoptions are permanently cancelled. >> she's
here's a look at some of the totals. now, the big cities anywhere from about 1 to 4 inches of snow. that includes the airports there and with that, we'll see visibilities go down. and that will lead to travel delays at the major airports, cold air is going to be here, natalie, and that's going to linger around throughout much of the week. >> chris warren at the weather channel. thanks so much, chris. >>> the holiday season is bringing heartbreak to some prospective parents here...
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Dec 28, 2012
12/12
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do you go where the geographic reach is broadest like a city? your favorite picks are goldman, some of the big center maxim right? >> citi certainly has an advantage in its position internationally as asia picks up citi is going to pick up. they're well positioned for that. goldman sachs certainly the leader on the investment banking side. we would put them in a portfolio. you can buy goldman today at a price below what the partners could buy it back when it was a partnership. go with it. >> interesting. provocative prediction. good to see you. happy 2013. >> thank you. >> brad hintz. the post christmas rush for retailers. gift cards, returns, exchanges. jane wells will break it down a little later on and of course we'll get you down to the close in europe about 11 minutes away. drum and flute" n look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!!
do you go where the geographic reach is broadest like a city? your favorite picks are goldman, some of the big center maxim right? >> citi certainly has an advantage in its position internationally as asia picks up citi is going to pick up. they're well positioned for that. goldman sachs certainly the leader on the investment banking side. we would put them in a portfolio. you can buy goldman today at a price below what the partners could buy it back when it was a partnership. go with it....
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Dec 27, 2012
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thank you, matt. >>> time is money in the windy city. chicago will have the priciest parking meters in the entire country. stay tuned to find out just how much they're going to charge in the new year. >> announcer: if congress forces the economy off the fiscal cliff the immigration and custom enforcement along with the customs and border protection departments will see their budgets cut by over $1 billion which means 8500 border protection workers would face termination. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people
thank you, matt. >>> time is money in the windy city. chicago will have the priciest parking meters in the entire country. stay tuned to find out just how much they're going to charge in the new year. >> announcer: if congress forces the economy off the fiscal cliff the immigration and custom enforcement along with the customs and border protection departments will see their budgets cut by over $1 billion which means 8500 border protection workers would face termination. get...
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Dec 27, 2012
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only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> welcome back to "the kudlow report." in this half hour, at least one report says santa wasn't so generous this holiday season. this christmas. but not so fast. we haven't heard the last word yet on the retailers. and no one has heard any words from hillary clinton lately. the state department tells us she is still recovering from the
only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets...
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Dec 26, 2012
12/12
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. >>> live from the nasdaq market site in new york city's time square, i'm melissa lee. here are tonight's top three trades. retail wreck. santa delivered coal for most today. should you be betting on a bounce back? the global race to print money is on. and we've got the best ways to play japan's easy money. and 2013 trades. top picks in an uncertain world also "fast money" goes fast forward into next year. first, to our top stories. five days to go until the fiscal cliff and the heat is turning up on both sides of the aisle. house speaker john boehner says the senate needs to act first. meantime, just about 40 minutes ago, tim geithner said the u.s. is simply running out of money. let's get the latest on this game of chicken from c nbc's chief political correspondent, john harwood. john? >> melissa, i want to bring you up to date on the fiscal cliff developments. first of all, as you mentioned, secretary geithner has informed the senate that the united states government will hit its debt ceiling on monday. that is december 31st. now, that doesn't mean that anything happ
. >>> live from the nasdaq market site in new york city's time square, i'm melissa lee. here are tonight's top three trades. retail wreck. santa delivered coal for most today. should you be betting on a bounce back? the global race to print money is on. and we've got the best ways to play japan's easy money. and 2013 trades. top picks in an uncertain world also "fast money" goes fast forward into next year. first, to our top stories. five days to go until the fiscal cliff and...
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Dec 26, 2012
12/12
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a look at the radar to show you the rape/snow line lies right across new york city. that will be lifting northward over the next several hours. folks, you'll turn into rain, philly, trent op, d.c., already rain. future radar shows mostly rain right along the i-95. do far inland to produce along the coast. interior vermont, western maine, likely over a foot of snow and boston likely all rain again winding down all in all later on tomorrow evening but the snow continues to linger on late tomorrow across parts of northern maine. here's the fall forecast, over a foot of snow and the ski resorts will be doing great. the coastal cities, again, largely rain and travel delays will be impacted significantly where we have new york, philly and d.c. >> sounds like retailers can't catch a brick right now. superstorm system and now the storm is barreling its way across the country and with holiday pale at their weakest, heard that this morning, do retailers, can they make up for last yund. >> thank you. have, why don't you go first. what impact is it going to have? >> you have dec
a look at the radar to show you the rape/snow line lies right across new york city. that will be lifting northward over the next several hours. folks, you'll turn into rain, philly, trent op, d.c., already rain. future radar shows mostly rain right along the i-95. do far inland to produce along the coast. interior vermont, western maine, likely over a foot of snow and boston likely all rain again winding down all in all later on tomorrow evening but the snow continues to linger on late tomorrow...
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Dec 26, 2012
12/12
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only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back. it is december 26th, aka winter. the old man is socking much of the midwest and northeast with a storm. thousands of flights have been canceled. another frustrating wrench in the already frustrating christmas return travel season. a number of cancellations expecte
only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before...
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Dec 26, 2012
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. >>> i'm the operating partner of exchange bar and grill located in new york city. i'm annoyed. i'm annoyed with the fiscal cliff. we're looking at not knowing what's going to happen. we fall off this cliff and everyone gets affected. there's no trickle down effect. it's more like a slush. we will lose income. the question is, how much income are we going to lose. if we fall off the cliff, the fear is that we fall off the cliff, not slowly glide down the cliff. big government at this point needs to understand that we should be able to trust you to do the right thing, put politics aside, think about us, the people. that's why we have government. fix it. a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> as the holiday season comes to a close, the early numbers suggest that what started out strong is now ending in a
. >>> i'm the operating partner of exchange bar and grill located in new york city. i'm annoyed. i'm annoyed with the fiscal cliff. we're looking at not knowing what's going to happen. we fall off this cliff and everyone gets affected. there's no trickle down effect. it's more like a slush. we will lose income. the question is, how much income are we going to lose. if we fall off the cliff, the fear is that we fall off the cliff, not slowly glide down the cliff. big government at this...
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Dec 26, 2012
12/12
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only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail man picks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. >>> in upstate new york, police are investigating the murder of two firefighters on christmas eve. investigators say the alleged gunman, william spengler, was found dead armed with a bushmast
only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and...
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Dec 26, 2012
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it definitely rebounded. >> at the same time, david, some of the cities that had, you know, fair to best during the downturn are now showing some weakness, chicago and new york, the only two cities with negative returns in the month of october. what's going on in those two markets? >> well, i think the first thing to recognize is what you pointed out. they didn't have the incredible boom going on. so they've been a lot more classic. those are markets where i think there are some other concerns related to local economic base. new york is highly dependent on financial services. and financial services, despite the stock market, have not been doing as well as they might. and have seen a lot of slowness. and rumors of layoffs. so there are areas that are a bit weak. even with those, i think on a national basis housing continues to be very solid. >> would you anticipate, david, seeing any sort of impact in sort of a higher income areas, in states, california, the northeast, because of the fiscal cliff? do you think that's going to show up eventually in the data? >> actually, i think the bigger
it definitely rebounded. >> at the same time, david, some of the cities that had, you know, fair to best during the downturn are now showing some weakness, chicago and new york, the only two cities with negative returns in the month of october. what's going on in those two markets? >> well, i think the first thing to recognize is what you pointed out. they didn't have the incredible boom going on. so they've been a lot more classic. those are markets where i think there are some...
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Dec 21, 2012
12/12
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the former mayor of new york city. rudy jew rudy giuliani. most folks want you to run again, former mayor, but i don't think that's in the cards. let me begin with an easy question. what do you make of this millionaire's threshold? john boehner's plan b, spending cuts, tax rates? you tell me. >> i agree with heather. probably the best john boehner can do. difficult for the republicans. 80-plus just ran four years ago with a promise they wouldn't raise taxes. i can understand why he's having trouble getting those votes, but i think he has no choice but to the try to pass snag soomething pushes the ball back into the president's court. the passage of the spending decreases was important. that's really where the emphasis should be. in tan ideal world, shouldn't raise taxes, shouldn't give the government more money because they're wasting money. we're not an an ideal world. i think john boehner, plan b is probably the best he can get. >> ask i ask, the other side of heather's point, republicans are losing the messaging battle. >> no question abou
the former mayor of new york city. rudy jew rudy giuliani. most folks want you to run again, former mayor, but i don't think that's in the cards. let me begin with an easy question. what do you make of this millionaire's threshold? john boehner's plan b, spending cuts, tax rates? you tell me. >> i agree with heather. probably the best john boehner can do. difficult for the republicans. 80-plus just ran four years ago with a promise they wouldn't raise taxes. i can understand why he's...
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Dec 20, 2012
12/12
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all-time high after being spun off from circuit city. good piece of trivia. >> we love the trivia. winnebago. >> really big cars. hopium here. higher prices for what winnebago yo is selling. gross margins, also up nearly 11%. >> the stock, look at that, one year. 125%. in the meantime, herman miller. i guess people are buying cars but not office chairs. >> this is a job story stock. these things back here, probably might have been herman miller, who knows. second quarter profit shrank more than expected. demand for office furniture sluggish in america. despite the fact i keep destroying mine. i guess that's not enough to help replacement. ceo did say, we could, seeing progress. slowly getting bet are. >> good word. good news, bad news for the market, latching on to the bad. >> stocks down below 2.5%. fair conclusion. eps above estimates. sales last quarter did fall short. revenue projection also disappointing. consultants are pricey. >> yeah. >> expensive. you lock them in. people say, we will do it ourselves. >> maybe not. >> we will end on good news, right? jabil circuit, 8%. i'l
all-time high after being spun off from circuit city. good piece of trivia. >> we love the trivia. winnebago. >> really big cars. hopium here. higher prices for what winnebago yo is selling. gross margins, also up nearly 11%. >> the stock, look at that, one year. 125%. in the meantime, herman miller. i guess people are buying cars but not office chairs. >> this is a job story stock. these things back here, probably might have been herman miller, who knows. second quarter...
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Dec 20, 2012
12/12
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the moment many of you have been waiting for. big ackman in new york city. guys, take it away, andrew. >> thank you. and mr. ackman, thank i for being here. >> sure. >> we have been watching the number of reports that kate kelly has been doing. we have a number of follow-up questions. the first know is about your short position in this country. when did you start the position, at what price, and when does it end? the reason i ask is because michael johnson, ceo has said publicly that he believes you have puts that expire on friday. >> sure. very clear, we own no puts on herbalife. we are short the stock, only. we are not short any other company in the industry. just herbalife. we shorted the stock, i would say, seven months ago or so, and we've had our position since then and have built it up over time. >> at what point would you consider the success in terms of getting out of the position? >> success here, look, the company can survive in a middle grout. if it is found to be a pyramid scheme, it is a zero. >> at what point, if you succeed, you are donating
the moment many of you have been waiting for. big ackman in new york city. guys, take it away, andrew. >> thank you. and mr. ackman, thank i for being here. >> sure. >> we have been watching the number of reports that kate kelly has been doing. we have a number of follow-up questions. the first know is about your short position in this country. when did you start the position, at what price, and when does it end? the reason i ask is because michael johnson, ceo has said...
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Dec 20, 2012
12/12
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rick santelli here in the wonderful city of chicago. if fiscal responsibility was a religion, then i think that the world is engulfed in atheist economists. we have dr. kenneth rogoff on. he co-authored a working research paper titled "debt overhangs past and present" and his research is so enlightening. talks about going back to 1800. there have been 26 episodes where debt-to-gdp reached 90%. there is something magical about 90%. let's welcome dr. rogoff. welcome, sir. >> greetings. >> i would like to you give us a bit of a summary. in your paper you pretty much knock my views but you knock the john maynard kazen views as well. >> they don't matter that much and it's hard to show an effect on growth. but when your debt level gets over 90% or 100% of gdp, it's not a precise number but a good benchmark historically, it's associated with slower growth for a very long time. this doesn't happen that often. there are only a very limited number of ep soeds across advanced economies since 1800. a lot of these episodes were before we had social
rick santelli here in the wonderful city of chicago. if fiscal responsibility was a religion, then i think that the world is engulfed in atheist economists. we have dr. kenneth rogoff on. he co-authored a working research paper titled "debt overhangs past and present" and his research is so enlightening. talks about going back to 1800. there have been 26 episodes where debt-to-gdp reached 90%. there is something magical about 90%. let's welcome dr. rogoff. welcome, sir. >>...
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Dec 19, 2012
12/12
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what's the difference of selling it on the corner in a new york city street than doing it online? it's actually worse because you're getting exposed to so many more people online and how do you know they are not going to do any of that? >> for one they said it. last night kevin systr ho m said it was never to sell your photos in any way because they are yours and we won't tamp we are that. don't break a good thing so they will leave that alone. he explicitly said that and they are modifying the terms right now to reflect that language. >> john, how does this play out? >> they haven't actually apologized at all. they said we were misunderstood. they understand words have meaning but apparently don't have the same meaning that i think they have and other people that find this to be, again, a pr blunder, not so much an issue of how they are going to make money off of this which everyone agrees they have to do. the problem is that the company is worth, because facebook decided to write a big check, nearly $1 billion. that suddenly makes it incumbent upon them to make huge stacks of mo
what's the difference of selling it on the corner in a new york city street than doing it online? it's actually worse because you're getting exposed to so many more people online and how do you know they are not going to do any of that? >> for one they said it. last night kevin systr ho m said it was never to sell your photos in any way because they are yours and we won't tamp we are that. don't break a good thing so they will leave that alone. he explicitly said that and they are...
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Dec 19, 2012
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. >> so begins the battle of high end heavy weights, nordstrom versus saks. nordstrom known for customer service pen saks, when economic times are good, about 20% of all sales come from new york city and nordstrom doesn't have a full line location here, at least not yet. >> courtney has her opinion and of course so do our guests. ladies first always on "street signs." stacey, who do you like here? >> i'm going with nordstrom. yesterday i was in saks. 40% off sales in full swing and today 60% off. and plenty of items. i'm concerned about their trend. nordstrom, integrated in-store and on-line, that's the line here. you want it play the integrated player and they are ahead of the integrated retailers. >> what about you, burt? >> well, nordstrom has done a great job with e-commerce and land based stores and blake nordstrom and his brother, peter, the whole family since they reunited one of the best retailers in the u.s. and soon to be in canada too. >> you know, nordstrom is more than double the size of saks in terms of number of stores. is it fair to compare th
. >> so begins the battle of high end heavy weights, nordstrom versus saks. nordstrom known for customer service pen saks, when economic times are good, about 20% of all sales come from new york city and nordstrom doesn't have a full line location here, at least not yet. >> courtney has her opinion and of course so do our guests. ladies first always on "street signs." stacey, who do you like here? >> i'm going with nordstrom. yesterday i was in saks. 40% off sales in...
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Dec 19, 2012
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electronic arts, avtivision, the city commerce division is studying video games and their impact on children and in wake of president obama's speech about gun control, the thought we might see more scrutiny in games. seeing the declines for take two, worse 4.2 percent and the rest following suit. sue, back to you. >> thank you. >>> another probe into a giant hedge fund. this one with their top portfolio manager. >>> then general managers buys back 200 million shares from the filibusters. >> it means a nice pop in gms. perhaps the best they have seen in a long time. how long? we will show you the last time they traded at this level when "power lunch" returns. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're
electronic arts, avtivision, the city commerce division is studying video games and their impact on children and in wake of president obama's speech about gun control, the thought we might see more scrutiny in games. seeing the declines for take two, worse 4.2 percent and the rest following suit. sue, back to you. >> thank you. >>> another probe into a giant hedge fund. this one with their top portfolio manager. >>> then general managers buys back 200 million shares from...
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Dec 19, 2012
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the cast of new york city ballet's production of the nutcracker at the nasdaq. habitat for humanity doing the honors there. certainly a lot to watch for. the euro is close to 133. 132.9 right now. that's signaling to the markets perhaps a risk on, after a two-month high in stocks yesterday, jim. >> a lot of companies had to caveat their quarters about what the strong dollar has done. we're not going to hear that next year at this time. we may hear that in the first quarter. a lot of companies, it took -- really took the wind out of the sails that you had in the currency problem. that goes away. the quarters are going to look much better. carl, you said 2013 could be different. and that is whae'reg to figure out. different in a lot of ways that seem positive. people confused at home, this is the fiscal cliff, is it the most important issue. how about a deal where you don't have too much belt tightening and you get the dollar going the right way, all this cash. >> a positive sign to that point, jim, is what we're seeing in the bond markets. we're finally seeing wh
the cast of new york city ballet's production of the nutcracker at the nasdaq. habitat for humanity doing the honors there. certainly a lot to watch for. the euro is close to 133. 132.9 right now. that's signaling to the markets perhaps a risk on, after a two-month high in stocks yesterday, jim. >> a lot of companies had to caveat their quarters about what the strong dollar has done. we're not going to hear that next year at this time. we may hear that in the first quarter. a lot of...
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Dec 14, 2012
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they're doing a test pattern in kansas city. i spoke about it on the 5:00 p.m. show. you'll see more on google than apple. >> you'll be back later. >> if you'll have me. >> i want to ask you about interest rates when we come back. >> perfect. my strong suit. >> there you go. >>> gold prices closing right now. it's been a tough week for the gold bulls. brian shackman is tracking the action. >> i feel like everyone is saying, i'm brian shackman, blackberry for work, apple for fun. gold has to go somewhere. gold is potentially flat and it's holding below $1700 right now. if you expand it out to the week, you see what happened post the fed. it sort of fell off the table. over a seven-day span, again, flat. volatility and the options market, this is going to stay this way maybe for a little while. i want to look at the whole flex because basically it's the same story. you see copper and palladium up, especially palladium. copper is a proxy for chinese growth. a little bit of optimism out of that. in terms of where the money flow here, folks, basically it seems that trading
they're doing a test pattern in kansas city. i spoke about it on the 5:00 p.m. show. you'll see more on google than apple. >> you'll be back later. >> if you'll have me. >> i want to ask you about interest rates when we come back. >> perfect. my strong suit. >> there you go. >>> gold prices closing right now. it's been a tough week for the gold bulls. brian shackman is tracking the action. >> i feel like everyone is saying, i'm brian shackman,...
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Dec 14, 2012
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>> the benefit to the city is if it's better for passengers, it's better for the city. >> how long do i have to stand with my arm out whilst taxis pass me with lights off? because someone hailed them halfway across manhattan? >> i think the main way people get taxis is the old-fashioned stick your hand in the air. especially during the day in midtown, downtown. i don't drivers will need this app to find passengers. there are plenty of passengers. this app will be most useful late at night, on the edges of the taxi service area. that way, a taxi knows there's somebody three, four blocks away. >> didn't they try this in the 1980s? wasn't it abandoned because it didn't work, because there weren't enough taxis to fulfill the plan to come through? >> in the old day, it was both by radio and street hail. then they created the black car and car service industry. but now, with technology, you can have a car do both of these, and they can figure out the most efficient way to operate themselves. you know, we think you let the market figure out what's the most efficient. >> you have to think, in
>> the benefit to the city is if it's better for passengers, it's better for the city. >> how long do i have to stand with my arm out whilst taxis pass me with lights off? because someone hailed them halfway across manhattan? >> i think the main way people get taxis is the old-fashioned stick your hand in the air. especially during the day in midtown, downtown. i don't drivers will need this app to find passengers. there are plenty of passengers. this app will be most useful...
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Dec 14, 2012
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its his legacy going forward, and then we leave the table and we're still friends. so, can i sell it to you? i can't sell it with passion. but i will say that this is action in a city called washington, or sometimes in texas we call it washington-stand where people never get anything done or don't appear to be easily able to get things done. we do get things done. we make a decision and we proceed. >> i think that's one thing you can say about the fomc and this leader's chairmanship. we're going in new direction. the question is, is the efficacy of what we're doing solid or not? we'll continue to examine that. and if it's not, we're going to have to change course. it's the best i can tell you, joe. >> i understand. i understand. and you're a reasonable, calm, conciliatory, collegial, the fed is very collegial. but i would -- >> that's right. >> -- at some point wonder whether you might just snap? because you've been on in the past, with much less significant, and much less -- much smaller actions were being taken that really raised your eyebrows, and i -- that we kn
its his legacy going forward, and then we leave the table and we're still friends. so, can i sell it to you? i can't sell it with passion. but i will say that this is action in a city called washington, or sometimes in texas we call it washington-stand where people never get anything done or don't appear to be easily able to get things done. we do get things done. we make a decision and we proceed. >> i think that's one thing you can say about the fomc and this leader's chairmanship....
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Dec 13, 2012
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of solar city lyndon rives is ceo and co-founder of the company. guys, great to see you. >> thank you for having us. >> lynn done, i will start it off with you this is a reduced offering, can you characterize what happened behind the scenes? did you see less demand for this offering and why the need to push this thing out of the gate right now? >> so, the fact that solarcity come out is quite amazing, it is best that we have a good product. we provide cheaper, cleaner energy. the solar sector has taken a beating and unfortunately, we have see received some of that but it is not based on today. it is based on what is the long term. and by us offering cheaper, cheaper electricity, you will see that fundamentally, that will change. >> all right. let's talk about long term then, because in your filing, you said that long-term growth is heavily dependent on government subdid sid disand clean energy policies and note the u.s. federal tax credit for solar projects with will fall 30% the cost of the system to 10% tend of 2016. >> i can't hear a word you're
of solar city lyndon rives is ceo and co-founder of the company. guys, great to see you. >> thank you for having us. >> lynn done, i will start it off with you this is a reduced offering, can you characterize what happened behind the scenes? did you see less demand for this offering and why the need to push this thing out of the gate right now? >> so, the fact that solarcity come out is quite amazing, it is best that we have a good product. we provide cheaper, cleaner energy....
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Dec 13, 2012
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i had a lunch. >> it was in the city. >> no. >> you were so close, you came across the bridge? >> i also had to meet with my style team. >> okay. >> my style is lacking, apparently. >> another historic night at madison square garden and the 12-12-12 concert brought relief for hurricane sandy. the sold-out show lasted nearly six hours and was said to have reached an audience of two billion, with a b, people around the world. it was broadcast over tv, radio, internet, quite a night if you were lucky enough to have a ticket. i was actually at another charity dinner where they auctioned off tickets to this event with a car waiting outside and some very generous person spend $19,000 and bought the tickets. >> not that much. >> 19 you think is not? >> i thought there were tickets earlier that were going for more than that, also. >> it was an extraordinary concert for an extraordinary situation. and -- >> it will be interesting to see how much money -- >> we'll probably find out soon enough how much money was raised. >> 12-12-12. and we're all still here. >> someone told me at 12:-12-
i had a lunch. >> it was in the city. >> no. >> you were so close, you came across the bridge? >> i also had to meet with my style team. >> okay. >> my style is lacking, apparently. >> another historic night at madison square garden and the 12-12-12 concert brought relief for hurricane sandy. the sold-out show lasted nearly six hours and was said to have reached an audience of two billion, with a b, people around the world. it was broadcast over tv,...
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Dec 12, 2012
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to the like of jamie dimon, blake and mark andresen. hi, kayla. >> hi, sue. we have takes on the morning spesh especially with the all important fiscal cliff. he says he didn't mind when there is gridlock. when the government does something it usually ends up in gridlock anyway. but jiamie dimon says the government has do much. >> we have moral authority around the world. let's just do it. the table is set very well right now. corporations, middle market companies, small business in good shape. 5 million more people working than four years ago. housing turned the corner. let's just keep it going. >> we heard from ceo of gold man sacks saying if this were a business man manner there would be no tripping of the fiscal cliff at the end of the year but also made interesting comments about goldman sacks reputation. here is how he categorized it. >> we started from scratch. no one knew who we were or what we did. and shame on us in hindsight we let other people define us and nobody knew what we attributed to the economy and jobs growth creati
to the like of jamie dimon, blake and mark andresen. hi, kayla. >> hi, sue. we have takes on the morning spesh especially with the all important fiscal cliff. he says he didn't mind when there is gridlock. when the government does something it usually ends up in gridlock anyway. but jiamie dimon says the government has do much. >> we have moral authority around the world. let's just do it. the table is set very well right now. corporations, middle market companies, small business in...
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Dec 11, 2012
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the press conference taking place in new york city. there's richard anderson who has just taken the podium here in new york city. they're going to be announcing not only the outline of the terms of this deal but a little bit of the philosophy behind why delta is buying this stake. let's take a look at the terms of the deal. delta buying 49% stake in virgin atlantic. basically buying the singapore airline stake. that's $360 million is how much it's costing. the virgin atlantic brand remains. that's critical here. just a few minutes ago richard branson said ignore all the speculation that i'm going somewhere. i'm going nowhere. he plans to remain ceo of virgin atlantic. why is delta doing this? this is all about increasing exposure to the london market. specifically the slots at heath row. when you look at all the flights that are going to be added to the delta network through its alliance here with virgin atlantic from the new york market, this is very, very lucrative for delta. particularly when you're talking about the corporate custo
the press conference taking place in new york city. there's richard anderson who has just taken the podium here in new york city. they're going to be announcing not only the outline of the terms of this deal but a little bit of the philosophy behind why delta is buying this stake. let's take a look at the terms of the deal. delta buying 49% stake in virgin atlantic. basically buying the singapore airline stake. that's $360 million is how much it's costing. the virgin atlantic brand remains....
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Dec 10, 2012
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but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ and the next great idea could be yours. those little things for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immedi
but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ and the next great idea could be yours. those little things for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's...
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Dec 10, 2012
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only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> i wanted to update our viewers on shares of hewlett-packard. you may have noticed one point eclipsing up 4.5% today. now taking off some of those gains, but still up almost 3%. a lot of chatter continues to be centered on the idea of potentially breaking the company up. some people would say you certainly do get a fairly big number. let's not forget it's not the hp of packard and hewlett. this argument continues to be out there. and then you'll start to hear rumors about a potential activist. let's not forget they already have an activist on the board of directors, ralph whitworth, owns a stake in the company and a director at this point. while we'll probably continue to hear this, i can tell you at this point that though it wil
only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> i wanted to update our viewers on shares of hewlett-packard. you may have noticed one point eclipsing up 4.5% today. now taking off some of those gains, but...
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Dec 10, 2012
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around dallas, it is moving into the city. a quit hit of snow around the early community time, so folks have to be careful on the roads there. back to you. >> that's a little weird in dallas. what about -- bring it down, bring it down to colorado. can you -- is that expected, snow there? i mean, this is a good sign, right, 8 or 9 inches this early in minnesota? is that a good sign, eric? >> it is a good sign. it was the fourth biggest december storm on record in minneapolis and then in colorado yesterday. they got over a foot of snow? >> what did? >> ski areas, they are finally seeing a little bit of good news. >> that is good. that is good. all right. and it's headed here. all right. excellent. at least the cold weather. you know, rain, raw days, 38 degrees. >> this time of year, i'm happy about that. >> i'd rather have snow. >> 48 degrees with the horrible rain, it chill tess bone. >> but the snow comes in early in the morning. >> my backyard, three dogs and a muddy backyard. today is expected to be the busiest day for shipp
around dallas, it is moving into the city. a quit hit of snow around the early community time, so folks have to be careful on the roads there. back to you. >> that's a little weird in dallas. what about -- bring it down, bring it down to colorado. can you -- is that expected, snow there? i mean, this is a good sign, right, 8 or 9 inches this early in minnesota? is that a good sign, eric? >> it is a good sign. it was the fourth biggest december storm on record in minneapolis and then...
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Dec 7, 2012
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only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> marijuana possession becoming legal under washington state law on thursday. for those who are 21 and older. as marijuana legalization supporters rejoice, marijuana still remains illegal under federal law of course and the white house is weighing the response of federal law enforcement on that front. steve fox is director of state campaigns and government relations for the marijuana policy project. he joins us this morning from washington. steve, good morning to you. >> good morning. thanks for having me. >> just so i know, are you high right now? we've had some people on television the last couple of days on various channels who admit not to be. >> right. i'm not. are you drunk? >> fair enough. i want to know where we're headed.
only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> marijuana possession becoming legal under washington state law on thursday. for those who are 21 and older. as marijuana legalization supporters rejoice,...
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Dec 6, 2012
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what we're seeing in fast-food restaurants all over the city and the country, people just can't afford the basic necessities of life. they can't put food on the table, clothes on their kids' back, many don't have the money to afford transportation to work. they can't afford a train ride, they end up walking to work. a guy who worked in harlem walking to bushwick in brooklyn, it's nine miles. he was powalking that because h didn't have the train fare to get to work. workers are rely on public assistance, food stamps, you were talking about food stamps before. they serve us our food and can't afford food themselves and rely on food stamps. we're subsidizing multibillion dollar corporations because of what they refuse to pay in wages and give in benefits. >> so that point, the atlantic describes fast food weathered receipt seths and t recession, young brands which runs pizza hut, saw profits up 45% over the last four fiscal years and mcdonald's saw them up 130%. after walmart, yum brand mcdonald's the second and third low wage employers in the nation. >> for years we haven't factored in t
what we're seeing in fast-food restaurants all over the city and the country, people just can't afford the basic necessities of life. they can't put food on the table, clothes on their kids' back, many don't have the money to afford transportation to work. they can't afford a train ride, they end up walking to work. a guy who worked in harlem walking to bushwick in brooklyn, it's nine miles. he was powalking that because h didn't have the train fare to get to work. workers are rely on public...
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Dec 5, 2012
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two of the biggest names in the most widely held stocks around, citi and apple topping the news this hour. headlines aren't good. apple right now is down about 4%. back in bear market territory, down 22% from their historic intraday high of $705 set back in september. right now shares are trading at $551.33. bob pisani joins me on the floor of the nyse. it started with this idc report citing the fact that they would lose their dominance in the tablet market in probably the next couple of years, and then the margin requirement story. >> it is a little complicated. i just want to address this issue first of the rally that we've got because i think that is sort of what's moving the overall market. there is some vague talk in washington that there may be some republican members starting to break ranks with the leadership on the tax issue. there's talk now that some republicans might be willing to accept higher taxes for the wealthy. this would be a break-through. we're monitoring that. now to what sue was talking about on apple. there are some firms raising margin requirements. i think t
two of the biggest names in the most widely held stocks around, citi and apple topping the news this hour. headlines aren't good. apple right now is down about 4%. back in bear market territory, down 22% from their historic intraday high of $705 set back in september. right now shares are trading at $551.33. bob pisani joins me on the floor of the nyse. it started with this idc report citing the fact that they would lose their dominance in the tablet market in probably the next couple of years,...
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Dec 4, 2012
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you go with the citi, with jpmorgan? >> citigroup, jpmorgan, bank of america would be another. also some regionals, sun trust, regions financial. those banks will do very well. the toll brother numbers today, housing is very positive. >> some of the names like boa have had good years. since '91 it's had a year like this. doesn't that connote it may be petter than we think? >> the banks had a good year. an awful year last year as you know. valuations on price to book basis is attractive. and so to us they're trading as a group. we think eventually they get to 1 1/2 times book. that's the kind of upside. normalized earnings hopefully will materialize in 2014 and the upside for the banks is still very good. >> if we go over the cliff, is that mostly a loan growth issue? is it a net interest margin issue? what would hurt them the most? >> credit would stop improving and that's been a huge positive. the results showed today credit improved again. so i think credit would be the number one issue. it wouldn't continue to improve. second, you touched on it. the net interest margin. rate
you go with the citi, with jpmorgan? >> citigroup, jpmorgan, bank of america would be another. also some regionals, sun trust, regions financial. those banks will do very well. the toll brother numbers today, housing is very positive. >> some of the names like boa have had good years. since '91 it's had a year like this. doesn't that connote it may be petter than we think? >> the banks had a good year. an awful year last year as you know. valuations on price to book basis is...
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Dec 3, 2012
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rescuers helped to slow the paralyzed drivers. the main route going between st. petersburg and moscow for cargo truck drivers. makes new york city traffic look down right peachy! >>> collection it out, china's northwest hammered by relentless snow since last week. snow and fog have shut down multiple airports. >>> let's warm things up. right? we need a little sunshine. super value is the stock that we've chosen today because it is up by 10%. it has been troubled but super value's entire business may be for sale or just the albertson's stores. it is not clear if a deal will be reached but nonetheless, investors plowing in with their feet. >>> call it the millionaire downgrade. could a big chunk of america's millionaires simply vanish if we go over the cliff? robert frank, are we talking like john mcafee going missing or we just saying we're not going to be millionaires anymore because we're not going to sell into these tax rates? >> belize is not big enough for all these missing millionaires. it is more like a downgrade. we're talking about the wealthy getting a l
rescuers helped to slow the paralyzed drivers. the main route going between st. petersburg and moscow for cargo truck drivers. makes new york city traffic look down right peachy! >>> collection it out, china's northwest hammered by relentless snow since last week. snow and fog have shut down multiple airports. >>> let's warm things up. right? we need a little sunshine. super value is the stock that we've chosen today because it is up by 10%. it has been troubled but super...
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Dec 3, 2012
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protests in new york city saying they want a bigger slice of the pie. >>> did you see the 60 minutes investigation on chain hma? why our guest has put the stock at a sell. >>> 2:00 to 3:00 p.m. eastern on "street signs." >>> ubs is loeldi inholding its annual media conference in new york today. david faber has the ceo from charter communications. his first interview from taking the top spot. >> we are here at the ubs media conference. with a guest in the media industry whom i have never interviewed on camera. tom rutledge, ceo of charter communications. 5 million subscribers spread across the country but certainly st. louis still the hub. nice to have you. >> thank you, david. glad to be here. >> you've been ceo of this company for most of this year, let's call it. ten months or so. it's different than cablevision which i ran as coo, the cable part of it, for many years. much more spread out. much lower average revenue per user. how confident are you that you can tackle something that even geographically is very different than what you did at cablevision, not to mention get people to
protests in new york city saying they want a bigger slice of the pie. >>> did you see the 60 minutes investigation on chain hma? why our guest has put the stock at a sell. >>> 2:00 to 3:00 p.m. eastern on "street signs." >>> ubs is loeldi inholding its annual media conference in new york today. david faber has the ceo from charter communications. his first interview from taking the top spot. >> we are here at the ubs media conference. with a guest in...
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where do you think vegas fits on that map, and what's the trajectory for the city on that front? >> it's the fastest growing part of everything we have been working on. two years ago, the vegas tech start-up scene was virtually nonexistent. and we've had several companies just ones i happen to know of, there's been ten tech start-up companies that relocated from other states to downtown vegas. so, for example, one of the companies is remotive. they make iphone-powered robots and moved to downtown vegas about a year ago, originally three people from seattle. they had considered silicon valley but then we recruited them to downtown vegas and now they're at about 20 people. and recently announced $5 million in funding from sequoia capital. so it's really happening here and it's pretty exciting to be part of it. >> yeah, and the city definitely needs it. that would be great if it could catch fire and sounds like it is. talk to me about retail. how did cybermonday go? how are you feeling about the season at large? there's been some discussion about how good the numbers looked overall
where do you think vegas fits on that map, and what's the trajectory for the city on that front? >> it's the fastest growing part of everything we have been working on. two years ago, the vegas tech start-up scene was virtually nonexistent. and we've had several companies just ones i happen to know of, there's been ten tech start-up companies that relocated from other states to downtown vegas. so, for example, one of the companies is remotive. they make iphone-powered robots and moved to...